Reliance is net-debt free after Rs 1.69 lakh cr fund raising: Mukesh Ambani


PTI, Jun 19, 2020, 10:11 AM IST

New Delhi: Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fund raising in under two months.

In a statement, Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm’s digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue.

The company had a net debt of Rs 1.61 lakh crore as on March 31, 2020.

“I have fulfilled my promise to the shareholders by making Reliance net-debt free much before our original schedule of March 31, 2021,” he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Rishab Shetty’s Kantara all set to break records?

PM inaugurates IMC 2022 exhibition, experiences 5G tech by different operators

Vehicle sale fraud: Man duped of Rs 10 lakh; case filed

Karnataka: Heavy rain predicted in 12 districts for 2 days

Vatican comes to Kolkata for the Pujas

‘Saga of Freedom: Known & Lesser-known Struggle’ exhibition extended till Oct 30

Hebri-Malpe highway will be toll free: Shobha Karandlaje


Related Articles More

Decision to import areca nut from Bhutan: Farmers, traders fear price collapse

Luxury hotel The Ocean Pearl, Ujire opens its doors for patrons

Vertex Workspace receives “Best Innovative Enterprise Award-2022”

RBI hikes benchmark lending rate by 50 basis points to rein in inflation

Markets fall in early trade

MUST WATCH

Day 6

Special story on elephant mahindra |Mysore Dasara

Day5 navaratri

Chief minister condemns Siddaramaiah’s ban on RSS statement

How to make dairy farm shed


Latest Additions

Kharge resigns as Leader of Opposition in RS; Digvijaya, Chidambaram in race to replace him

Cong govt to complete full term in Rajasthan: Gehlot

Home Minister Amit Shah to visit J-K for 2 days from Oct 4

Rishab Shetty’s Kantara all set to break records?

Indian scientists complete genome sequencing for pomegranate

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.